Antuit.ai and PredictHQ join forces to leverage local events data to improve demand forecasting accuracy for retailers and consumer product companies
DALLAS – Sept. 29, 2020 Antuit.ai and PredictHQ have formed a partnership to bring PredictHQ’s expanded and localized data sets, such as events, sports and severe weather, into antuit.ai’s AI-powered demand forecasting.
With the impact of the COVID-19 pandemic, many companies have had to accelerate their digital transformation significantly. Core to their success is leveraging localized event data and AI-assisted demand forecasting to inform inventory management and labor optimization strategies.
“Antuit.ai works with leading global retailers and consumer product companies to help them unlock the power of AI to dramatically increase demand forecast accuracy in order to improve store replenishment, order fulfillment, demand planning, and pricing,” said Craig Silverman, CEO of antuit.ai. “Incorporating PredictHQ’s localized data into our Demand Forecasting solutions can further enhance the accuracy at the Store/SKU/Week level to further reduce out-of-stocks and excess inventory.”
The antuit.ai and PredictHQ partnership will see PredictHQ’s demand intelligence added into antuit.ai’s predictive models for key customers. Antuit.ai’s industry-leading AI Demand Forecasting will now include PredictHQ’s verified and intelligent event data which provides much needed local context for every store about relevant demand catalysts such as sports (both nearby and televised), school holidays, academic events, severe weather and 14 more categories.
“The recovery is going to be dynamic and hyper localized, so retailers with hundreds or thousands of locations are turning to data-driven solutions to accurately understand the environment of each of their stores. Our demand intelligence provides this and antuit.ai’s solutions enable them to calibrate their inventory and staffing strategies to future demand,” PredictHQ CEO Campbell Brown says. “We are excited to be working with antuit.ai and helping retailers and consumer products companies build laser-focused and effective recovery strategies.”
Antuit.ai, a Goldman Sachs company, is the leader in AI-powered solutions for Forecasting and Merchandising. World-class retailers and consumer products companies leverage antuit.ai solutions to digitally transform their business and achieve outsized business results for supply chain, merchandising, pricing, and marketing. Learn more at www.antuit.ai.
PredictHQ, the demand intelligence company, empowers global organizations to anticipate changes in demand for their products and services. PredictHQ’s demand intelligence API aggregates events from hundreds of sources and verifies, enriches and ranks them by predicted impact so companies can proactively discover catalysts that will impact demand. With PredictHQ, businesses gain a leg up on competition and remain confident in their ability to meet customers’ ever-changing needs. Learn more at www.predicthq.com.